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Listed by Carmen Abram Tawfik, DRE #01983282 • T.N.G. Real Estate Consultants
$1,468,088
Est. payment /mo
9,583 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW26209173
Year Built 1987
Lot Size 9,583 Sqft
Property Sub-Type Triplex
Source California Regional MLS
Property Description
TWO DETACHED BUILDINGS (1001 & 1003 W. MYRTLE - SOLD TOGETHER) . THREE RENTAL UNITS . ONE LARGE LOT . A versatile investment opportunity . STRONG Existing Rental Income - Stable Tenants . HIGH VALUE - Unusually strong income for its unit count, currently over $92,600 in Net Operating Income (NOI), over 6% CAP Rate, with over $107,700 in annual gross income, plus potential additional laundry and garage income . Strong in-place rental income, even within a rent-regulated area . LARGER BUILDING - One of the MOST COMPETITIVELY PRICED small multifamily properties by $/SF . ONE OF THE LARGER LOTS among comparable properties - approximately 9,583 SF, PROVIDING substantially more land . 5 garages / plus additional parking spaces on the LOT . Documented ADU / VALUE-ADD potential - Stamped plans available for review . AMPLE LAND + Multiple avenues for FUTURE value creation . RARE DETACHED MULTIFAMILY CONFIGURATION - No shared walls, No one ABOVE OR BELOW, providing PRIVACY . Stong tenant appeal & Rental demand . Separate utility meters . LIVE IN ONE . RENT THE OTHERS . OR INVEST FOR CASH FLOW . COMPLETELY REMODELED IN 2022 - New EVERTHING: Double pane windows, flooring, kitchen cabinets, countertops, bathroom vanities and tubs . 10 ROOMS . 4 FULL BATHS . 3 FULL KITCHENS . Ex
Location
State CA
County Orange
Area 69 - Santa Ana South Of First
Rooms
Kitchen Other, Oven Range - Gas, Oven - Electric
Interior
Heating No Heating
Cooling None
Flooring Laminate
Laundry In Laundry Room, Laundry Area
Exterior
Parking Features Attached Garage, Private / Exclusive, Garage, Common Parking Area, Off-Street Parking, Room for Oversized Vehicle
Garage Spaces 14.0
Pool 31, None
View None
Building
Story One Story
Water Hot Water, District - Public
Others
Tax ID 00824142
Special Listing Condition Not Applicable
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